Gridsum Announces Pricing of Initial Public Offering

BEIJING, Sept. 23, 2016  -- Gridsum Holding Inc. (“Gridsum” or the “Company”) (GSUM), a leading provider of sophisticated data analysis software in China, today announced that its initial public offering of 6,700,000 American depositary shares (“ADSs”) was priced at US$13.00 per ADS, with a total offering size of US$87.1 million, assuming no exercise by the underwriters of their option to purchase additional ADSs. Each ADS represents one Class B ordinary share of the Company. The ADSs are expected to begin trading on the NASDAQ Global Select Market on September 23, 2016 under the symbol “GSUM.”

 

The Company has granted the underwriters a 30-day option to purchase up to an additional 1,005,000 ADSs at the initial public offering price, less the underwriting discounts and commission.

Goldman Sachs (Asia) L.L.C., Citigroup Global Markets Inc. and Stifel, Nicolaus & Company, Incorporated acted as joint bookrunners for the offering.

 

Gridsum’s registration statement relating to these securities has been filed with the United States Securities and Exchange Commission and was declared effective on September 22, 2016.

 

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting Goldman, Sachs & Co. at 1-212-902-1171, Citigroup Global Markets Inc. at 1-800-285-3000, or Stifel, Nicolaus & Company, Incorporated at 1-415-364-2720.

 

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.